Breaking News
Urbanity Fair
My Condolences, Toronto: Your Downtown is Dead
Downtown Toronto is becoming less vibrant, less livable, and less economically significant. And Toronto, the city that prides itself on being world-class, can’t afford that.
Dec 02, 2024
Industry
Thind Sells Hotel Component At 48-Storey Highline Metrotown For $47.2M
The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.
Appointment Notices
Brett Armstrong Named Managing Director Of Avison Young Vancouver
Brett Armstrong, who relocated from Toronto to Vancouver a few months ago, takes over the Managing Director role as of December 2.
Mortgages
Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts
While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.
$5M Waterfront Penthouse With 360-Degree Sun Room Listed In Victoria
The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.
Policy
Vaughan "Dramatically" Drops Development Charge Rates
In particular, the development charge rate for low-rise residential has been brought down by over $44,000, the City of Vaughan said.
Industry
Construction On The One Threatened By Potential Lawsuit Against Receiver
The potential lawsuit is coming from Mappro Realty, the owner of an adjacent property, over the staging area being used for construction of The One.
Real Estate News
Canadian Home Sales Reach Highest Level Since April 2022
Though the Bank of Canada has delivered four interest rate cuts since June, including a healthy 50-bps cut in October, the growth in sales is being attributed to a jump in listings.
Development Projects
“A Place Of Its Place”: Beltline Yards Development Is Equal Parts Ambitious And Transformative
The beloved Beltline trail is the "spine of the development" and could connect the city like never before. “We’re really trying to bend the right rules in terms of how we masterplan, taking cues from other countries and creating a real destination and neighbourhood, even for tourists and architecture nerds.”
Construction
Inside The Metro Vancouver DCCs And The Potential Housing Price Increases
Housing prices, whether it be sale prices or rents, could increase anywhere from 1% to 3% with the new Metro Vancouver DCC rates — if they get built at all.
Appointment Notices
Ontario Real Estate And Development Industry Hires And Promotions: October 2024
Notable appointments include Kevin Crigger being appointed Associate CEO of TRREB and HCRA welcoming Terence Young and Sam Biasucci as Chair and Vice Chair of their Board of Directors.
Mortgages
85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
A certain percentage of those with mortgages up for renewal in 2025 could experience interest rates anywhere from 1% to 2.25% higher than when they entered into their last term.
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Real Estate News
GTA Condo Supply Is Approaching A Number “The Market Has Never Seen”
How long will it take for almost 40,000 condo units — be those unsold units in development, assignment listings, or resale listings on MLS — to be absorbed into the GTA market?
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